Addleshaw Advises Elysian In Deal For Wind Power Co.

Law360, New York (October 5, 2011, 6:00 PM EDT) -- London-based private equity firm Elysian Capital said Tuesday that it had acquired Tekmar Energy Ltd., which makes products related to offshore wind power, to take advantage of a push by European governments to drive growth in renewable energy.

The deal is worth between £20 million ($30.8 million) and £30 million ($46.3 million), according to The Journal newspaper. Elysian declined to comment on the price of the deal and Tekmar did not immediately respond to a request for comment.

Elysian said it agreed to buy the company that makes cable protection systems for...